Register

A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?

A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?
98.0k views
4 votes
A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after four years?

User Rick Giuly
by
7.9k points

1 Answer

4 votes
1440, I think since it is simple: not 100% sure

User Joe Gatt
by
8.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!